Short term capital gain


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2012 sIR, assesse has sold Plot with in one year with profit of Rs. 110900/- (Sale - (purchase + Exps). her other income is 103126/-. please tell me computation of tax.. for A.Y. 2011-12

28 March 2012 Computation of total Income:-
Capital gains- Rs. 110900
Income from other souces- Rs. 103126
Gross Total Income- Rs. 214026
Tax would be 10.3% of 24026(214026-190000) i.e Rs.2475

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2012 oh means such capital gain income treat as reguler income for for normal tax rate computation..

THANKING YOU...

28 March 2012 yes, STCG is charged as per Slab rate of the tax payer.


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